https://www.taxtmi.com/acts?id=10821 The opening written down value equals the prior year's closing value, which is the prior year's adjusted value reduced by capital allowance and allowable acquisition expenditures. The adjusted value is (A+B) - (C+D+E): A = opening written down value; B = additions; C = proceeds on sale/disposal; D = scrap value; E = deemed written down value of transferred assets; adjusted value is nil if (C+D+E) exceeds (A+B). Special formulas apply for successors in business reorganisations and for assets acquired from abroad, with foreign liability conversions and forward contract rates addressed. en-us Thu, 20 Aug 2009 12:07:11 +0530 Thu, 20 Aug 2009 16:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10821 The opening written down value equals the prior year's closing value, which is the prior year's adjusted value reduced by capital allowance and allowable acquisition expenditures. The adjusted value is (A+B) - (C+D+E): A = opening written down value; B = additions; C = proceeds on sale/disposal; D = scrap value; E = deemed written down value of transferred assets; adjusted value is nil if (C+D+E) exceeds (A+B). Special formulas apply for successors in business reorganisations and for assets acquired from abroad, with foreign liability conversions and forward contract rates addressed. Act-Rules Bills Thu, 20 Aug 2009 12:07:11 +0530 https://www.taxtmi.com/acts?id=10821